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Bank

Truist Bank

103 E Main St, Marshville, NC 28103

Listing Price: $745,468

Cap Rate
7.00%
Tenant Name
Corporate
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 103 East Main Street in Marshville, North Carolina. The site constructed in 1979, consists of roughly 2,640 rentable square feet of building space on estimated 0.31 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $52,183 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $745,468

Cap Rate
7.00%
Tenant Name
Corporate
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.77

Investment Highlights

  • Absolute Triple Net (NNN) Lease | 6.7 Years Remaining
  • Attractive 1.5% Annual Rental Increases
  • Investment Grade Tenant | A Rating (S&P)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank located at 103 East Main Street in Marshville, North Carolina. The site constructed in 1979, consists of roughly 2,640 rentable square feet of building space on estimated 0.31 acre parcel of land. Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is $52,183 with annual one and a half (1.50%) rental increases. In 2016, Truist Bank executed its renewal options early & extended the term of the lease by 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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